International Trader - Asia

Second Half: Caution Prevails

The sharp selloff in recent weeks has convinced strategists to stick mostly to big, high-quality names in North Asia for now.

The Federal Reserve's quantitative-easing program helped push capital into Asian markets from India to Indonesia over the past few years. Now worries about the U.S. central bank's tapering of its bond buying is helping pull capital back out of the region. The rout has shaved between 10% and 21% off Asian stock indexes over the past six weeks and leaves the once-surging MSCI Asia ex-Japan index in the red, down 7.7% as the first half...